Announcements

Job offersmore »

Tweeting Growers

Last commentsmore »

Top 5 - yesterday

Top 5 - last week

Top 5 - last month

Exchange ratesmore »




Kenya: Takeover of perishables forwarders to go ahead, with conditions

Kenya’s competition watchdog has approved “with conditions” the takeover of two specialist perishables forwarders in the African country by European logistics giants Kuehne+Nagel (K+N) and Panalpina.

The Competition Authority of Kenya has approved the acquisition of Air Connection by Panalpina Airflo Ltd, Panalpina Airflo BV and Panalpina Kenya Ltd, but ordered the acquirers to retain at least 95% of the employees of Air Connection for at least one year after the transaction's completion date.

The competition authority has imposed a similar condition on K+N’s takeover of Trillvane Ltd, again stating that the purchasers “shall retain employees of the Trillvane for at least one year after the date of completion of the transaction”.

Switzerland-headquartered Panalpina announced the Air Connection proposed takeover, subject to conditions, in May this year.

The deal came two years after Panalpina increased its presence in Kenyan flower logistics by acquiring perishables specialist Airflo, Kenya’s second largest airfreight forwarder, and only two weeks after Panalpina formally announced the launch of its global Perishables Network.

Read more at Air Cargo News

Publication date: 9/7/2017

 


 

Other news in this sector:

9/21/2017 New Zealand: Flower industry grows anxious over fuel crisis
9/14/2017 Freighter operators look set to lose slots at Schiphol
9/8/2017 Australian flower importer grows exponentially
9/8/2017 DeltaTrak announces new ColdTrak import/export traceability kit
9/8/2017 Kenya: JKIA upgrades expected to boost economy
8/31/2017 Emirates SkyCargo says it with flowers
8/29/2017 Kenyan investors want airport in Nakuru
8/10/2017 Lufthansa offers sun protection for refrigerated freight
8/8/2017 Kenya: Flower Logistics Africa gets second edition
7/19/2017 Flowers from Kenya to NL: how do they do it?
7/18/2017 Kuehne + Nagel expands in perishables logistics
7/14/2017 US (FL): Graduate student’s start-up is in full bloom
7/13/2017 Where is my container with aluminium?
7/10/2017 Royal FloraHolland tests next-day delivery
7/5/2017 Cargolux adds Quito to its network
7/5/2017 Schiphol Cargo wins best airport Europe award
7/4/2017 Kenya: Flower exports hit by warehouse shortage
7/4/2017 Cargolux named ‘Best Green Airline’
7/3/2017 Better technology infrastructure to improve Africa’s perishable export
6/29/2017 "Perishables moved by air demand vertical integration"

 

Leave a comment: (max. 500 characters)

  1. All comments which are not related to the article contents will be removed.
  2. All comments with non-related commercial content, will be removed.
  3. All comments with offensive language, will be removed.




  Display email address

  new code